The Finance Act, 2026 has introduced significant relief from Super Tax for exporters. According to FBR’s explanatory circular, exporters deriving income above Rs. 500 million can now be fully exempt from Super Tax where their realized export proceeds exceed 80% of their total turnover for the relevant tax year.
This means the relief is not available merely because a taxpayer is engaged in exports. The composition of turnover and the proportion of export proceeds actually realized during the year become important in determining eligibility. Exporters falling below the prescribed 80% threshold may therefore remain outside this specific exemption.
The amendment also reduces the general maximum Super Tax rate from 10% to 8% for persons having income exceeding Rs. 500 million, other than specified persons. The changes make turnover composition and export realization an increasingly important part of year-end tax planning and Super Tax computation.